Summary: In the recent times, there has been a major change in the world because of the issue related to the Brexit. It is something that may have a huge impact in a number of industries. In this article, the discussion has been done on the impact in tourism industry after the Brexit in the year 2016. It has been analyzed that there will be a huge impact of the exit of Britain from the European Union. Fichtner et al (2016) stated that it will impact the tourism industry as well. There will be an analysis of the reason which may be responsible for the impact on the tourism industry and the long term outcomes of the same. BBC (2016) article is important to be analyzed.

Key Concepts

Oliver (2016) stated that after the Brexit in the year 2016, there will be a change in a number of industries. It has been predicted by the World Travel and Tourism Council (WTTC) that there will be a growth of around 3.6 5 in the tourism industry in UK every year. This finding is much higher than the overall growth of the industry which has been predicted. Degnis et al (2016) says that it has also been assumed that the domestic spending will also be offset because of the international visitors who may be happy to spend on a number of tasks in UK. This will also ease down the overall exchange rate of the company.

In the article, there has been an understanding of the impact which the tourism industry will be having because of the Brexit in 2016. The article explains the statement given by WTTC which states that in spite of the initial solidity which may be there in the sector of tourism in UK, there will also be some of the additional pressures which would be faced by UK in the coming few years. The primary reason as per the analysis is that the UK has voted to leave the European Union. Further the article also provides the overall analysis of the impact of spending of the visitors in UK. It has also been rightly assumed in the article that there will be a benefit in the terms of overseas spending of the visitors who will come to UK in such a manner that it will also lead to the wearing off the weaker pound from 2018 to 2020. It has further been assumed by WTTC that the tourism sector in UK will also support around 1.88 million through the director jobs. However, it is comparatively 75000 less jobs than the earlier forecast which was made earlier in the year as explained by Tarlow (2016). In addition to this, it has also been said and assumed by the travel research ForwardKeys who said that there will be a beneficial impact on the tourism industry in UK because of the Brexit. In order to prove the same, he has tried to show the overall impact on the tourism industry after the Brexit in early 2016 said by Kill (2016). He tried to explain that in the recent times, there has been a sharp jump into the flight books which have been done for UK by the tourists. Howard (2016) says that it is because of the decrease in the value of the pounds in comparison to the currencies of other nations as said by Boulanger ET AL (2015). Barett et al (2015) stated that for the rest of the year the overall number of flights has also increased by around 4.3 % in the previous 28 days.

From the analysis of the media article, it can be analyzed that there will be a major increase in the tourism industry in the coming time. Irwin (2015) says that can be possible because of a large number of reasons. Firstly, the tourism industry in UK will have a number of advantages as after the BEXIT the UK tourism can be planned in a better and a freer manner without having any significant impact on the industry as stated by Oliver (2016). Secondly, because of the BREXIT, more and more people can be attracted to the tourism industry as they can get better services at a cheaper rate as MacShane (2015) states. Thirdly, there is a decrease in the British Pound which will further attract the people of a number of nations to come to UK for the purpose of tourism as stated by Oliver (2013). Fourthly, Kroll (2016) states that the tourism can be used as a measure to support a number of other industries in the world.